Theft was the talking point in Coles’ full-year results after it revealed a 20 per cent increase in stock loss, according to Sky News Business Editor Ross Greenwood. The supermarket giant revealed its quarterly revenue of $9.18 billion is 4.7 per cent higher than last year.
Theft was the talking point in Coles’ full-year results after it revealed a 20 per cent increase in stock loss, according to Sky News Business Editor Ross Greenwood.
The supermarket giant revealed its quarterly revenue of $9.18 billion is 4.7 per cent higher than last year. Mr Greenwood said the increase in shoplifting is due to cost-of-living pressures and theft by organised gangs which Coles says is on the rise.Mr Greenwood said the new technology is expected to be in more than 250 of Australia’s most affected stores by the end of the year.
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